Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Africa - 2024

Contents:

1. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Africa (CIF) - 2024
2. Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Africa (FOB) - 2022
3. Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in South Africa
4. Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in South Africa

Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Africa (CIF) - 2024

In January 2024, the average import price for offal, edible; of swine, (other than livers), frozen amounted to $895 per ton, reducing by -3.1% against the previous month. In general, the import price recorded a pronounced contraction. The growth pace was the most rapid in November 2023 when the average import price increased by 5.9% month-to-month. The import price peaked at $1,160 per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Denmark ($1,232 per ton), while the price for the UK ($775 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by France (-0.3%), while the prices for the other major suppliers experienced a decline.

Price for Offal, Edible; of Swine, (Other than Livers), Frozen in South Africa (FOB) - 2022

The average export price for offal, edible; of swine, (other than livers), frozen stood at $1,215 per ton in 2022, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 32% against the previous year. Over the period under review, the average export prices hit record highs at $3,382 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($2,484 per ton), while the average price for exports to the UK ($1,035 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Offal, Edible; of Swine, (Other than Livers), Frozen in South Africa

In 2022, the amount of offal, edible; of swine, (other than livers), frozen imported into South Africa stood at 9.6K tons, surging by 6.2% on 2021. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of offal, edible; of swine, (other than livers), frozen declined remarkably to $7.4M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. As a result, imports attained the peak of $9.1M, and then contracted dramatically in the following year.

Top Suppliers of Offal, Edible; of Swine, (Other than Livers), Frozen to South Africa in 2022:

1. Spain (3090.4 tons)
2. Netherlands (1826.3 tons)
3. United Kingdom (1490.5 tons)
4. France (983.4 tons)
5. Ireland (685.1 tons)
6. Belgium (469.2 tons)
7. Canada (445.0 tons)
8. Denmark (441.3 tons)
9. Brazil (156.2 tons)

Exports of Offal, Edible; of Swine, (Other than Livers), Frozen in South Africa

In 2022, the amount of offal, edible; of swine, (other than livers), frozen exported from South Africa skyrocketed to 911 tons, rising by 49% compared with the year before. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 72% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of offal, edible; of swine, (other than livers), frozen skyrocketed to $1.1M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 127%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Offal, Edible; of Swine, (Other than Livers), Frozen from South Africa in 2022:

1. Namibia (625.8 tons)
2. Lesotho (108.7 tons)
3. Democratic Republic of the Congo (99.4 tons)
4. Spain (52.8 tons)
5. United Kingdom (24.0 tons)

Source: IndexBox Market Intelligence Platform